Bloomberg Intelligence's 'Equity Market Minute' 3/10/2021

Gina Martin Adams discusses the recent underperformance of tech stocks compared to the S&P 500, highlighting a widening performance gap. She presents sector scorecards and tech multiples, noting that while big cap tech faces pressure, small cap tech stocks are trading at a discount. As economic conditions improve, small cap tech may benefit. The video concludes with a summary of these insights.

What has been the trend for tech stocks compared to the S&P 500 since early September?

• Tech stocks have shown no clear trend compared to the S&P 500.

• Tech stocks have performed equally with the S&P 500.

• Tech stocks have underperformed the S&P 500.

• Tech stocks have outperformed the S&P 500.

What historical trend is noted about tech stocks prior to 2018?

• Tech stocks were more volatile than the S&P 500.

• Tech stocks traded at a discount to the S&P 500.

• Tech stocks traded at a premium to the S&P 500.

• Tech stocks traded in line with the S&P 500.

What is expected to happen to the gap between tech and the rest of the S&P 500 as the outlook improves?

• The gap is expected to fluctuate unpredictably.

• The gap is expected to widen.

• The gap is expected to close.

• The gap is expected to remain the same.

How are small cap tech stocks currently trading compared to their larger counterparts?

• At the same level as their larger counterparts.

• At a discount to their larger counterparts.

• More volatile than their larger counterparts.

• At a premium to their larger counterparts.

What could benefit small cap tech stocks according to the transcript?

• Improving economic conditions.

• Stable economic conditions.

• Decreasing economic conditions.

• Unchanging economic conditions.